Finance Bachelor of Sciences in Business Administration

The finance major is designed to provide the student with a broad knowledge in business finance, investments, financial institutions, international finance, risk management and insurance, and real estate. The program provides the student with the theoretical background and tools of analysis required for making effective financial decisions.

The Finance Student

Envision an education where hands-on guidance from award-winning faculty is a given. Where classes aren’t just classes, but components of an innovative curriculum that teaches the science, ethics, and art of good business.

The study of finance prepares the student for careers in business financial management. Students that major in finance are sought by both financial and non-financial firms.


Core Business Courses – 2014/2015 Catalog
(33 credits)

2014/2015 PLAN OF STUDY

 

GEB 3031 Cornerstone Lecture

GEB 3031L Cornerstone Lab

GEB 3003 Career Research and Planning

GEB 3005 Career Search Strategy

MAR 3023 Marketing

GEB 3375 Intro to International Business

BUL 3130 Legal & Ethical Environments of Business**

ECO 3411 Quantitative Business Tool II

FIN 3403C Business Finance

MAN 3025 Management of Organization

MAR 3203 Supply Chain Management

GEB 4223 Business Interviewing Techniques

GEB 4004 Executing Your Career Plan

Graduating Semester:
MAN 4720 Strategic Management/Capstone


Required Courses – 2014/2015 Catalog
(12 credits)

FIN 3303 Financial Markets

FIN 3414 Intermediate Corporate Finance

FIN 3504 Investment Analysis

FIN 4453 Financial Models

Required Electives (6 credits)

Choose two (2) courses from the list below

FIN 3461 Financial Statement Analysis

FIN 4324 Commercial Bank Management

FIN 4514 Portfolio Analysis & Management

FIN 4533 Financial Derivatives

FIN 4604 International Financial Management

FIN 4424 Adv. Topics in Financial Management

Restricted Electives – 2014/2015 Catalog
(6 credits)

Choose two (2) courses from the list below

ACG 3131 Intermediate Financial Accounting I

ACG 3141 Intermediate Financial Accounting II


ACG 3361 Cost Accounting I

TAX 4001 Taxation of Business Entites & Trans.

ECO 4412 Economics Statistics & Econometrics

MAR 3391 Professional Selling

REE 3043 Fundamentals of Real Estate

REE 3433 Real Estate Law

REE 4103 Real Estate Appraisal

REE 4203 Commercial Real Estate Finance

REE 4204 Residential Real Estate Finance

REE 4303 Real Estate Investment Analysis

REE 4732 Real Estate Development

REE 4933 Advanced Topics in Real Estate

GEB 4374 International Neg. & Trans

FIN 4941 Internship


Certificates

The following Certificates are restricted to finance majors only. These certificates do not require additional hours beyond the finance major program. They are intended to allow students to develop specializations in a specific area of interest. No course grade lower than a C will be accepted for the certificate requirements, and the average GPA for the 12 credits must be a 3.0 or higher. Certificates will be awarded only at the time of degree completion.

Banking – 12 Credits

FIN 4324 Commercial Bank Management
ACG 3131 Intermediate Financial Accounting I
ACG 3141 Intermediate Financial Accounting II
MAR 3391 Professional Selling or
FIN* 4941 Finance Internship
*An internship must be a paid internship with a financial services firm, and must be approved by the Department of Finance Internship coordinator and a Banking faculty member.

Corporate Finance – 12 Credits

ACG 3131 Intermediate Financial Accounting I
ACG 3141 Intermediate Financial Accounting II
FIN 3141 Intermediate Corporate Finance
FIN* 4941 Finance Internship
*An internship must be a paid internship with a financial services firm, and must be approved by the Department of Finance Internship coordinator.

Investments – 12 Credits

FIN 3504 Investment Analysis
FIN 4514 Portfolio Analysis and Management
FIN 4533 Financial Derivatives
FIN* 4941 Finance Internship
*An internship must be a paid internship with a financial services firm, and must be approved by the Department of Finance Internship coordinator.

Internships

Department of Finance internships are available to juniors and seniors majoring in finance. To qualify for an internship, undergraduate students must have successfully completed FIN 3403 Business Finance and at least one other 3000 or 4000 level finance course, and must have a minimum overall GPA of 2.75 and a GPA of 3.0 in the major.

All internships must be related to the field of finance. The objective of the program is to provide students with experience in finance that they would not otherwise have obtained. Therefore, students may not arrange internships with former or current employers. In rare cases, the internship coordinator may approve an internship with a student’s current employer if the job responsibilities assigned to the intern provide a different and appropriate experience in finance.

The Finance Internship Coordinator is Dr. Richard Curcio. The Finance Internship Packet needs to be filled out and turned into the Finance Department in BA1, room 409 in person. Internship packets are due 10 days before the first day of class of each semester by 4:00pm. (See the UCF academic calendar for the dates). This will allow time for processing paperwork and registering. Late internship application packets will not be accepted after this date. Internship applicants must provide a picture identification (current driver’s license will suffice) and original signatures from the intern employer. If your internship is approved, the Department of Finance will email a permission number to you at your Knights email address allowing you to register for the internship course.

For help finding an Internship, please go to the Business Satellite Office of Experiential Learning, located in BA1, room 130. The phone number is (407) 823-5581 and the website is www.explearning.ucf.edu.

Internships are academic courses that allow students to apply classroom theory in a practical work setting and gain personal, academic and work competencies.

  • One semester
  • Major-related
  • Off-campus
  • Usually for credit
  • Paid or unpaid
  • Structured for learning

Careers

What can I do with this major?

General Information and Strategies

  • Quantitative skills are extremely important. Take additional courses in math, statistics, and accounting.
  • Many positions in finance require the ability to analyze and interpret data.
  • Develop strong interpersonal and communication skills. Cultivate an eye for detail.
  • Gain experience through internships, summer and part-time positions.
  • Read the Wall Street Journal and other financial news magazines to stay abreast of current events and to learn more about the industry.
  • Join student professional associations in the field of finance.
  • Several professional designations and licenses, e.g. Chartered Financial Analyst or Certified Financial Planner, are available to finance professionals working in a particular area. Earning these designations may help one obtain advanced positions.

 

Corporate and Public Finance

Area

• Financial Analysis
• Cash Management
• Credit Management
• Budget Analysis
• Investment Management
• Investor Relations
• Financial Reporting
• Payroll
• Benefits
• Real Estate
• Risk Management

Employer

• Private businesses of all sizes and types
• State and local government entities
• Federal agencies including:
• Internal Revenue Service
• Treasury Department
• Schools and universities
• Non-profit organizations
• Foundations
• Hospitals

Information

• Complete a related internship.
• Develop strong computer skills, including spreadsheets, databases, and presentation software.
• Sharp analytical skills are crucial in this industry.
• Earn an MBA to reach the highest levels of corporate finance.

Banking

Area

• Corporate Credit Analysis
• Commercial Lending
• Trust Management
• Capital Services and Mergers & Acquisitions
• Mortgage Loans
• Originations and Packaging
• Branch Management
• Operations
• Cash Management
• Credit Scoring and Risk Management
• Private Banking

Employer

• Commercial banks
• Credit unions
• Savings and loan associations
• Savings banks
• Mortgage banks
• Captive finance companies
• Regulatory agencies including:
• Federal Reserve, FDIC, OCC, OTS

Information

• Gain a solid background in business including marketing and accounting.
• Get experience through part-time, summer or internship positions in a financial service firm.
• Develop strong interpersonal and communication skills in order to work well with a diverse clientele.

Insurance

Area

• Claims Analysis
• Underwriting
• Risk Management
• Sales
• Actuarial Science
• Loss Control

Employer

• Life insurance firms
• Property and casualty insurance firms
• Commercial banks
• Savings banks

Information

• Complete an internship with an insurance agency.
• Talk to professionals in the industry to learn more about claims, underwriting, and risk management.
• Initiative and sales ability are necessary to be a successful agent or broker.
• Develop strong communication skills, as many positions require interaction with others and the ability to explain information clearly and concisely.
• Take additional statistics classes to prepare for a career in actuary science.

Personal Financial Planning

Area

• Sales
• Customer Service
• Operations
• Portfolio Management

Employer

• Brokerage firms
• Trust companies
• Financial partnerships
• Multi-line insurance firms
• Sole practitioners

Information

• Gain experience in sales.
• Demonstrate a highly motivated and entrepreneurial personality.
• Research how one obtains the Certified Financial Planner (CFP) designation.
• Develop a solid personal network.

Real Estate

Area

• Residential Brokerage
• Commercial Sales
• Appraisals
• Property Management
• Real Estate Portfolio Management

Employer

• Real estate brokers
• Commercial banks
• Appraisal firms
• Apartment and condominium complexes
• Developers
• Large corporations: real estate departments
• Real estate investment trusts
• Mutual funds

Information

• Obtain sales experience through part-time, summer or internship positions.
• Research how to become a real estate broker through the National Association of Realtors.
• Develop an entrepreneurial spirit.
• Research apprenticeships in appraisal.

Investment Banking

Area

• Corporate Financial Analysis
• Mergers and Acquisitions
• Equity and Debt
• Underwriting
• Institutional Bond and Equity Sales
• Retail Bond and Equity Sales
• Business Valuation
• Business Sale Transactions
• Currency Trading
• Derivatives, e.g. options
• Trading
• Venture Capital Fund Management
• New Venture Analysis

Employer

• Investment banking firms (Changes in laws have created a fluid situation in this industry; Mergers and acquisitions continue to take place.)
• Financial services firms
• Insurance firms (The Gramm Leach Bliley Act of 1999 allowed financial services firms to acquire or build investment banking subsidiaries and vice versa.)

Information

• An M.B.A. is required to move beyond the entry-level analyst position in investment banking. Investment banking is highly competitive.
• Be prepared to work many hours of overtime per week, start at the bottom, and pay your dues.
• Develop strong analytical and communication skills.
• Cultivate personal ambitiousness.
• Obtain a Series 7 License for both institutional and retail broker sales positions.
• Work toward the CFA designation.

Money Management

Area

• Research
• Trading
• Marketing
• Portfolio Management

Employer

• Portfolio management firms
• Commercial banks
• Investment banks
• Federal Reserve banks
• Insurance firms

Information

• Most positions require an advanced degree in economics, finance or business and many years of financial experience.

Accounting

Area

Corporate or Government Including:
• Financial Management
• Financial Reporting
• Cost Accounting
• Tax Planning
• Research

Employer

• Companies of various sizes, in all industries
• Federal agencies and departments including:
• Federal Bureau of Investigation
• Internal Revenue Service
• Department of the Treasury
• Office of Management and Budget
• Securities Exchange Commission
• State and local agencies

Information

• Sometimes opportunities in accounting exist in government and corporate settings for finance students.
• Take more than the required amount of accounting classes to supplement finance curriculum.
• Maintain a strong GPA.
• Complete an internship in a government agency and become familiar with the government application process to work in the public sector.


Curricular Learning Goals

UCF Finance graduates will be able to:

Discipline Specific Knowledge, Skills, Behavior and Values Outcomes

  1. Demonstrate comprehension of basic financial topics, such as risk and return, term structure of interest rates, efficient capital markets, and agency problems.
  2. Demonstrate proficiency in solving problems related to time value mathematics.
  3. Demonstrate proficiency in investment analysis techniques.
  4. Demonstrate proficiency in solving problems related to corporate finance.
  5. Demonstrate proficiency in solving problems related to financial markets.
  6. Apply appropriate information technologies, such as Microsoft Excel, to specified financial analysis problems.

Critical Thinking Outcomes

Demonstrate critical thinking skills related to financial analysis by effectively evaluating financial data and using the results
to make corporate financial or investment decisions.

Communication Outcomes

Demonstrate effective written communication skills by producing written financial analyses that are organized, clear, and logical.

Assessment of Finance Outcomes

These outcomes will be assessed using a variety of assessment methods, including:

  • Exam questions
  • Written assignments
  • Case studies

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